EXECUTIVE chairman of African Rainbow Minerals (ARM), Patrice Motsepe, yesterday donated more than R23-million to various organisations as a way of giving back to community.
The money will be used for women and youth empowerment projects as well as development in rural and poor urban areas.
Beneficiaries include Cosatu, Sadtu, Nehawu and the Zion Christian Church.
The cash distribution was made through Motsepe's Broad-based Economic Empowerment Trust for education, health, welfare and other community upliftment projects.
"One of my objectives is to give back, particularly to communities on whose land I make money ..." said Motsepe.
"While it is not possible to feed all starving communities in the country, I am glad that I make changes where I can. That is one of my objectives."
The mining magnate denied that he was the richest man in the country, saying whoever announced that was wrong.
He, however, refused to reveal how much he was worth, saying the information was private.
An organisation that got the biggest chunk of the money was the National Women Upliftment, which was given R3-million. It was followed by Sadtu and Nehawu, with received R2.3-million each. The Eastern Cape, KwaZulu-Natal and Limpopo rural upliftment projects also got the same amount.
Zion Christian Church leader Barnabas Lekganyane was given R1-million.
Patrice Motsepe gives back to communities
EXECUTIVE chairman of African Rainbow Minerals (ARM), Patrice Motsepe, yesterday donated more than R23-million to various organisations as a way of giving back to community.
The money will be used for women and youth empowerment projects as well as development in rural and poor urban areas.
Beneficiaries include Cosatu, Sadtu, Nehawu and the Zion Christian Church.
The cash distribution was made through Motsepe's Broad-based Economic Empowerment Trust for education, health, welfare and other community upliftment projects.
"One of my objectives is to give back, particularly to communities on whose land I make money ..." said Motsepe.
"While it is not possible to feed all starving communities in the country, I am glad that I make changes where I can. That is one of my objectives."
The mining magnate denied that he was the richest man in the country, saying whoever announced that was wrong.
He, however, refused to reveal how much he was worth, saying the information was private.
An organisation that got the biggest chunk of the money was the National Women Upliftment, which was given R3-million. It was followed by Sadtu and Nehawu, with received R2.3-million each. The Eastern Cape, KwaZulu-Natal and Limpopo rural upliftment projects also got the same amount.
Zion Christian Church leader Barnabas Lekganyane was given R1-million.
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